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SG Fleet Group Ltd. (AU:SGF)
ASX:SGF
Australian Market

SG Fleet Group Ltd. (SGF) AI Stock Analysis

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AU

SG Fleet Group Ltd.

(Sydney:SGF)

53Neutral
SG Fleet Group Ltd. faces significant challenges with profitability and cash flow management, reflected in its financial performance score of 40. Despite these issues, the stock shows potential technical strength with its current price trends, supported by a reasonable valuation and attractive dividend yield. However, the company's high leverage and liquidity concerns weigh heavily on its overall stock score.

SG Fleet Group Ltd. (SGF) vs. S&P 500 (SPY)

SG Fleet Group Ltd. Business Overview & Revenue Model

Company DescriptionSG Fleet Group Ltd. (SGF) is a leading provider of integrated mobility solutions, offering fleet management, leasing, and salary packaging services across Australia, New Zealand, and the United Kingdom. The company delivers a wide array of products including vehicle leasing and acquisition, fleet management, and end-to-end electric vehicle solutions, catering to both corporate and government clients.
How the Company Makes MoneySG Fleet Group Ltd. generates revenue primarily through its fleet management and leasing operations. The company earns money by providing vehicle leasing services, which involve leasing vehicles to clients for fixed terms, generating consistent rental income. Additionally, SGF offers fleet management services, including maintenance, telematics, and fuel management, for which it charges service fees. Another significant revenue stream is salary packaging, where the company manages the financial arrangements for employees to lease vehicles as part of their salary package, benefiting from administration fees. SG Fleet collaborates with automotive manufacturers, financial institutions, and other strategic partners to enhance its offerings and expand its market reach, contributing to its earnings growth.

SG Fleet Group Ltd. Financial Statement Overview

Summary
SG Fleet Group Ltd. shows mixed financial health with growth in revenue but struggles with profitability and cash flow management. High leverage and negative cash flows present risks that need addressing to ensure long-term sustainability. Operational adjustments may be necessary to stabilize margins and improve cash generation.
Income Statement
40
Negative
The company exhibits a concerning negative gross profit margin, which is unusual and suggests potential operational issues. While there is some growth in total revenue, the net profit margin remains modest. The EBIT margin is negative, indicating operational inefficiencies, though the EBITDA margin is positive, suggesting some strength in depreciation and amortization management. Revenue growth is present but overshadowed by profitability concerns.
Balance Sheet
55
Neutral
The balance sheet shows a high debt-to-equity ratio, indicative of significant leverage, which could pose financial risk if earnings do not improve. However, the equity ratio is relatively stable, and return on equity remains positive, albeit not very high. The company must address its leverage to improve financial stability.
Cash Flow
30
Negative
The cash flow statement reveals negative free cash flow and operating cash flow, raising concerns about the company's ability to generate cash from operations. The free cash flow to net income ratio is also negative, suggesting cash flow issues despite recorded net income. These trends indicate potential liquidity challenges.
Breakdown
Jun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
737.67M717.65M640.97M435.62M409.29M
Gross Profit
301.45M-112.17M-82.87M56.58M40.93M
EBIT
-176.47M-156.92M-124.71M35.70M17.39M
EBITDA
368.87M432.88M344.60M103.20M92.24M
Net Income Common Stockholders
89.66M75.25M60.73M43.70M36.73M
Balance SheetCash, Cash Equivalents and Short-Term Investments
396.83M260.41M230.43M231.12M111.11M
Total Assets
3.34B2.84B2.62B831.95M679.76M
Total Debt
2.04B1.62B1.52B198.57M195.03M
Net Debt
1.64B1.36B1.29B-32.54M83.92M
Total Liabilities
2.75B2.26B2.07B453.76M409.52M
Stockholders Equity
590.72M573.87M545.94M378.19M270.24M
Cash FlowFree Cash Flow
-213.75M5.25M37.86M34.83M19.95M
Operating Cash Flow
-195.78M17.91M46.12M115.52M78.00M
Investing Cash Flow
-17.76M-14.28M-468.32M-54.76M-30.66M
Financing Cash Flow
344.56M24.66M423.32M58.91M-36.12M

SG Fleet Group Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price3.49
Price Trends
50DMA
3.47
Positive
100DMA
3.45
Positive
200DMA
3.11
Positive
Market Momentum
MACD
<0.01
Positive
RSI
64.93
Neutral
STOCH
16.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SGF, the sentiment is Positive. The current price of 3.49 is above the 20-day moving average (MA) of 3.48, above the 50-day MA of 3.47, and above the 200-day MA of 3.11, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 64.93 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:SGF.

SG Fleet Group Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUCAR
74
Outperform
€13.08B50.938.51%2.40%17.01%-26.92%
64
Neutral
$4.30B11.845.23%249.82%4.06%-10.21%
AUMMS
61
Neutral
AU$1.11B12.2274.00%10.27%43.44%165.54%
AUBAP
54
Neutral
€1.76B-16.06%2.86%-0.30%-267.50%
AUSGF
53
Neutral
AU$1.22B14.0015.27%5.42%8.61%8.16%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:SGF
SG Fleet Group Ltd.
3.49
0.58
19.93%
AU:BAP
Bapcor Ltd
5.22
0.72
15.90%
AU:MMS
Mcmillan Shakespeare Limited
16.26
-0.06
-0.35%
AU:CAR
CAR Group
35.10
0.80
2.34%

SG Fleet Group Ltd. Corporate Events

SG Fleet Group to be Delisted Following Acquisition
May 1, 2025

SG Fleet Group Ltd. will be delisted from the ASX following its acquisition by Westmann Bidco Pty Limited, as part of a scheme of arrangement. This removal from the official list marks a significant transition for the company, potentially impacting its market positioning and stakeholder relationships as it integrates into the acquiring entity’s operations.

SG Fleet Completes Acquisition and Plans ASX Delisting
Apr 30, 2025

SG Fleet Group Limited has completed its acquisition by Westmann Bidco Pty Limited, a move orchestrated by Pacific Equity Partners. As part of the scheme of arrangement, SG Fleet shareholders received $3.50 per share, while certain management shareholders opted for scrip consideration. Following this acquisition, several directors have resigned, and SG Fleet plans to delist from the ASX, marking a significant transition in its corporate structure and market presence.

SG Fleet Group Announces Director’s Interest Change
Apr 23, 2025

SG Fleet Group Limited, a company listed on the Australian Securities Exchange, announced a change in the director’s interest notice concerning Kevin Wundram. The notice details the acquisition and disposal of various securities, including fully paid ordinary shares, unlisted performance rights, and options. This change is part of a scheme of arrangement previously disclosed to the ASX, impacting the director’s holdings and potentially influencing the company’s governance and shareholder structure.

SG Fleet Group Ltd. Announces Director’s Interest Changes
Apr 23, 2025

SG Fleet Group Ltd. announced a change in the director’s interest, specifically involving Robbie Blau, who adjusted his holdings in the company. The changes involved the acquisition and disposal of fully paid ordinary shares and performance rights, with the transactions linked to a scheme of arrangement previously disclosed to the ASX. This adjustment reflects strategic financial maneuvers within the company, potentially impacting its market positioning and shareholder interests.

SG Fleet Group Limited Announces Suspension of Quotation
Apr 16, 2025

SG Fleet Group Limited (ASX: SGF) announced that its securities will be suspended from quotation following the approval of a scheme of arrangement by the Supreme Court of New South Wales. This scheme allows Westmann Bidco Pty Limited to acquire all issued shares in SGF, marking a significant change in ownership that could impact the company’s future operations and market strategy.

SG Fleet Group Announces Cessation of Securities
Apr 16, 2025

SG Fleet Group Ltd. has announced the cessation of certain securities, including options, performance rights, and restricted equity rights, totaling over 17 million units. This cessation is due to a scheme of arrangement or other reconstruction, effective April 16, 2025. This move could impact the company’s capital structure and may have implications for its stakeholders, reflecting strategic adjustments in its operational or financial framework.

SG Fleet Group Ltd. Issues New Securities on ASX
Apr 16, 2025

SG Fleet Group Ltd. has announced the issuance of 8,416,313 ordinary fully paid securities to be quoted on the ASX, effective April 16, 2025. This move, part of an employee incentive scheme, is expected to strengthen the company’s market position by aligning employee interests with corporate growth, potentially enhancing stakeholder value.

SG Fleet’s Acquisition by Westmann Bidco Approved, Trading Suspended
Apr 16, 2025

SG Fleet Group Limited has confirmed that the Supreme Court of New South Wales has approved a scheme of arrangement, allowing Westmann Bidco Pty Limited to acquire all SG Fleet shares. As a result, trading of SG Fleet shares on the ASX will be suspended, with shareholders expected to receive their scheme consideration on April 30, 2025. This acquisition marks a significant transition for SG Fleet, as shareholders will receive either cash or shares in the acquiring company, depending on their election.

SG Fleet’s Acquisition by Westmann Bidco Approved by Supreme Court
Apr 15, 2025

The Supreme Court of New South Wales has approved a scheme of arrangement for SG Fleet Group Limited, allowing Westmann Bidco Pty Limited, controlled by Pacific Equity Partners, to acquire all SG Fleet shares. This legal approval marks a significant transition for SG Fleet, as it will lead to the suspension of its shares from trading on the ASX, with the scheme becoming effective on April 16, 2025, and full implementation expected by April 30, 2025.

SG Fleet Shareholders Approve Acquisition Scheme by Westmann Bidco
Apr 8, 2025

SG Fleet Group Limited has announced that its shareholders have approved a scheme of arrangement for Westmann Bidco Pty Limited, managed by Pacific Equity Partners, to acquire 100% of SG Fleet’s shares. This approval, achieved with overwhelming support from both general and management shareholders, is a significant step towards finalizing the acquisition, pending approval from the Supreme Court of New South Wales. If successful, the scheme will result in SG Fleet’s shares being suspended from trading, marking a pivotal change in the company’s ownership structure.

SG Fleet Group Announces Proposed Acquisition by Westmann Bidco
Apr 8, 2025

SG Fleet Group Limited has announced a proposed acquisition by Westmann Bidco Pty Limited, managed by Pacific Equity Partners, through a scheme of arrangement. The SG Fleet Board has unanimously recommended shareholders vote in favor of the scheme, highlighting its potential benefits in the absence of a superior proposal. The scheme meetings for general shareholders and relevant management shareholders are scheduled to be held virtually, with voting results to be communicated to the ASX shortly after.

SG Fleet Group Announces Court Hearing for Acquisition Approval
Apr 8, 2025

SG Fleet Group Limited has announced a second court hearing to approve a proposed scheme of arrangement, under which Westmann Bidco Pty Limited will acquire all shares in SG Fleet. The Supreme Court of New South Wales has ordered SG Fleet to convene meetings for shareholders to vote on this scheme. The SG Fleet Board unanimously recommends shareholders vote in favor of the scheme, barring any superior proposals. The court hearing for final approval is scheduled for April 15, 2025, and shareholders have the right to oppose the scheme by filing a notice of appearance.

SG Fleet Secures Key Approvals for Acquisition by Westmann Bidco
Mar 27, 2025

SG Fleet Group Limited has announced that it has secured all necessary consents and approvals from counterparties for the proposed acquisition by Westmann Bidco Pty Limited, a move managed by Pacific Equity Partners. This development satisfies a key condition for the scheme of arrangement, pending shareholder and court approvals. The SG Fleet Board has unanimously recommended shareholders vote in favor of the scheme, highlighting its alignment with shareholder interests.

SG Fleet Group Secures OIO Approval for Acquisition
Mar 27, 2025

SG Fleet Group Limited has received approval from the Overseas Investment Office for its acquisition by Westmann Bidco Pty Limited, a move backed by Pacific Equity Partners. This approval is a significant step forward in the acquisition process, which still requires shareholder and court approvals. The SG Fleet Board has recommended shareholders vote in favor of the scheme, highlighting its potential benefits and aligning with the company’s strategic goals.

SG Fleet Receives FCA Approval for Acquisition by Westmann Bidco
Mar 14, 2025

SG Fleet Group Limited has announced that the Financial Conduct Authority (FCA) has approved the acquisition of all its shares by Westmann Bidco Pty Limited, a move managed by Pacific Equity Partners. This approval is a significant step in the proposed scheme of arrangement, which still requires shareholder and court approval. The board of SG Fleet recommends shareholders vote in favor of the scheme, highlighting its alignment with shareholder interests, barring any superior proposals.

UBS Group AG Increases Stake in SG Fleet Group Ltd.
Mar 11, 2025

SG Fleet Group Ltd. has experienced a change in the voting power of its substantial holder, UBS Group AG and its related bodies corporate. The voting power increased from 5.11% to 6.19% as of March 7, 2025. This change in voting power indicates a strengthening of UBS Group AG’s influence within SG Fleet Group Ltd., potentially impacting the company’s decision-making processes and strategic direction.

SG Fleet Receives FIRB Approval for Acquisition by Westmann Bidco
Mar 4, 2025

SG Fleet Group Limited has announced that the Foreign Investment Review Board (FIRB) has approved the acquisition of all SG Fleet shares by Westmann Bidco Pty Limited, a subsidiary of Pacific Equity Partners. This approval is a significant step forward in the acquisition process, which still requires shareholder and court approvals. The SG Fleet Board has unanimously recommended shareholders vote in favor of the scheme, emphasizing its potential benefits for stakeholders.

SG Fleet Group Releases Scheme Booklet for Proposed Acquisition
Mar 3, 2025

SG Fleet Group Ltd. has released a Scheme Booklet regarding the proposed acquisition by Westmann Bidco Pty Limited, a company controlled by Pacific Equity Partners. This acquisition will be conducted through a scheme of arrangement, and SG Fleet’s board recommends shareholders vote in favor of the scheme. The Scheme Booklet contains vital information for shareholders, who are encouraged to review it thoroughly before voting. The acquisition is expected to impact SG Fleet’s operations by aligning it with Pacific Equity Partners’ strategic interests, potentially influencing its market positioning and stakeholder relationships.

SG Fleet’s Major Shareholder Approves Share Disposal for Acquisition
Feb 26, 2025

SG Fleet Group Ltd. has announced that Super Group Limited, its major shareholder, has received the necessary shareholder approval to dispose of its 53.584% interest in SG Fleet as part of a proposed acquisition by Westmann Bidco Pty Limited. The acquisition will be executed through a scheme of arrangement, with SG Fleet’s board recommending shareholders vote in favor of the scheme, which has been deemed fair and reasonable by an independent expert. The scheme meetings for shareholders to vote on the proposal are scheduled for April 8, 2025.

SG Fleet Registers Acquisition Scheme, Gains Board Approval
Feb 21, 2025

SG Fleet Group Ltd has registered its Scheme Booklet with the Australian Securities and Investments Commission, outlining a proposed acquisition by Westmann Bidco Pty Limited through a scheme of arrangement. According to the Independent Expert’s Report included in the booklet, the acquisition is deemed fair and reasonable, with a cash consideration of $3.50 per share falling within the assessed valuation range. The SG Fleet Board unanimously recommends shareholders vote in favor of the scheme at the upcoming virtual meetings scheduled for April 2025.

SG Fleet Acquisition by Westmann Bidco Gains Court Approval
Feb 20, 2025

SG Fleet Group Limited announced that the Supreme Court of New South Wales has approved the convening of Scheme Meetings for its proposed acquisition by Westmann Bidco Pty Limited, a move managed by Pacific Equity Partners Pty Limited. The Scheme Booklet, which includes an Independent Expert’s Report indicating the fairness and reasonableness of the proposed acquisition, will be dispatched to shareholders, highlighting significant steps towards finalizing the acquisition and potential impacts on shareholders and company operations.

SG Fleet Group Ltd. Releases 1H25 Results Presentation
Feb 17, 2025

SG Fleet Group Ltd. has released its 1H25 results presentation, which provides a general overview of the company’s performance without detailed financial data. While the presentation emphasizes careful preparation, it cautions against relying on past performance as an indicator of future success, highlighting the inherent uncertainties in forward-looking statements. The announcement underscores the company’s strategies and market trends but refrains from making specific assurances regarding future performance outcomes, impacting stakeholders’ expectations and strategic planning.

SG Fleet Group Sees Revenue Growth Amid Profit Decline
Feb 17, 2025

SG Fleet Group Limited reported a 16.3% increase in revenue from ordinary activities to $648.6 million for the half-year ending December 31, 2024. However, the profit after tax decreased by 9.8% to $41.1 million, which may impact the company’s operations and stakeholder confidence. The report also highlighted a final and special dividend, both paid in September 2024, and a decrease in net tangible assets per ordinary security. The company’s Dividend Reinvestment Plan allows shareholders to reinvest dividends in shares, potentially stabilizing future financial performance.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.